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Which section lists the business the Reserve Bank may transact?
ASection 17
BSection 71
CSection 27
DSection 47
Answer & Solution
Correct answer: A. Section 17
1. The Act sets out permitted business in a single list.
2. The forbidden business follows two sections later.
3. The permitted list is section 17.
_Source: The Reserve Bank of India Act, 1934 (India Code)_
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